The BoJ’s ad-hoc meeting to support SMEs and JPY cross-border flows: The MUFG Global Markets Podcast

On May 22, the BoJ held an ad-hoc monetary policy meeting and announced measures to support SMEs. Even away from that positive momentum is building toward re-starting economic activity, including  lifting Japan’s state of emergency declaration. Meanwhile, concerns simmer about the coronavirus re-conflagrating. Positive market expectations in the wake of government and central bank policy responses around the world have been bolstering risk sentiment and supporting higher global equity prices even as global bond prices have risen.

 

How will this affect cross border flows and financial markets?

 

In this episode Takahiro Sekido, Chief Japan Strategist of Global Markets Research, MUFG Bank Tokyo discusses the BoJ’s May ad-hoc meeting, risk appetite among Japanese investors, cross border flows and his view on the Yen, JPY rates and USDJPY basis.